Here is a quick update about Barrie Real Estate Statistics 2016 and what is happening in the Barrie Real Estate Market from January 2016 to June 2016. As you will see, the market is very tight. Inventory is low and if a property is priced correctly then it is getting multiple offers. There has been a tendency for sellers to reach on their pricing which has created a little bit of buyer fatigue.
Because of BEXIT we anticipate interest rates to remain low with a possible rate cut later this year. We don’t anticipate that the rate cut will be passed on to Mortgage Rates. Bottom line is that Mortgage Rates are as low as they will ever be.
I have been asked the question are we in a bubble in Barrie? The short answer is NO we are not. We have massive migration into our area, low housing starts, and low inventory, great mortgage rates, and great affordability relative to the Greater Toronto Area. These factors are translating into higher home prices which cannot be helped. Consumer Sentiment is probably something that we should pay attention to but I will expand on this in a later post.
So here are the latest stats from The Barrie Real Estate Board Statistics for Barrie Real Estate. (Disclaimer: I have not added in the statistics for Barrie from The Toronto Real Estate Board as some agents only list on TREB. In future updates we will compile this data as well)
January Barrie Real Estate Statistics 2016
- The average list price in Barrie for January 2016 was $377,931.
- The average sale price in Barrie for January 2016 was $372,947.
- The sale to list ratio in Barrie for January 2016 was 98.8%.
- The number of days on the market in Barrie for January 2016 was 25 days.
- There were 127 residential sales on the Barrie board for Barrie area in January 2016.
February Barrie Real Estate Statistics 2016
- The average list price in Barrie for February 2016 was $408,496
- The average sale price in Barrie for February 2016 was $407,425
- The sale to list ratio in Barrie for February 2016 was 99.7%
- The number of days on the market in Barrie for February 2016 was 18 days
- There were 194 residential sales on the Barrie board for Barrie area in February 2016
March Barrie Real Estate Statistics 2016
- The average list price in Barrie for March 2016 was $409,436
- The average sale price in Barrie for March 2016 was $409,113
- The sale to list ratio in Barrie for March 2016 was 99.9%
- The number of days on the market in Barrie for March 2016 was 14 days
- There were 275 residential sales on the Barrie board for Barrie area in March
April Barrie Real Estate Statistics 2016
- The average list price in Barrie for April 2016 was $416,314
- The average sale price in Barrie for April 2016 was $415,968
- The sale to list ratio in Barrie for April 2016 was 99.9%
- The number of days on the market in Barrie for April 2016 was 17
- There were 321 residential sales on the Barrie Board for Barrie area in April 2016
May Barrie Real Estate Statistics 2016
- The average list price in Barrie for May 2016 was $431,646
- The average sale price in Barrie for May 2016 was $433,565
- The sale to list to ration in Barrie for May 2016 was 100.4%
- The number of days on the market in Barrie for May 2016 was 17 days
- There were 322 residential sales on the Barrie Board for the Barrie area in May 2016
June Barrie Real Estate Statistics 2016
- The average list price in Barrie for June 2016 was $442,658
- The average sale price in Barrie for June 2016 was $444,654
- The sale to list ratio in Barrie for June 2016 was 100.5%
- The number of days on the market in Barrie for June 2016 was 16 days
- There were 303 residential sales on the Barrie Board for the Barrie area in June 2016
July Barrie Real Estate Statistics 2016
- The average list price in Barrie for July 2016 was $436,132
- The average sale price in Barrie for July 2016 was $435,464
- The sale to list ratio in Barrie for July 2016 was 99.8%
- The number of days on the market in Barrie for July 2016 was 15 days
- There were 259 residential sales on the Barrie Board for the Barrie area in July 2016
August Barrie Real Estate Statistics 2016
- The average list price in Barrie for August 2016 was $430,004
- The average sale price in Barrie for August 2016 was $430,498
- The sale to list ratio in Barrie for August 2016 was 100.1%
- The number of days on the market in Barrie for August 2016 was 15 days
- There were 290 residential sales on the Barrie Board for the Barrie area in August 2016
September Barrie Real Estate Statistics 2016
- The average list price in Barrie for September 2016 was $451,275
- The average sale price in Barrie for September 2016 was $451,373
- The sale to list ratio in Barrie for September 2016 was 100%
- The number of days on the market in Barrie for September 2016 was 17 days
- There were 257 residential sales on the Barrie Board for the Barrie area in September 2016
October Barrie Real Estate Statistics 2016
- The average list price in Barrie for October 2016 was $453,431
- The average sale price in Barrie for October 2016 was $455,120
- The sale to list ratio in Barrie for October 2016 was 100.4%
- The number of days on the market in Barrie for October 2016 was 16 days
- There were 236 residential sales on the Barrie Board for the Barrie area in October 2016
November Barrie Real Estate Statistics 2016
- The average list price in Barrie for November 2016 was $454,694
- The average sale price in Barrie for November 2016 was $455,741
- The sale to list ratio in Barrie for November 2016 was 100.2%
- The number of days on the market in Barrie for November 2016 was 16 days
- There were 228 residential sales on the Barrie Board for the Barrie area in November 2016
December Barrie Real Estate Statistics 2016
- The average list price in Barrie for December 2016 was $472,321
- The average sale price in Barrie for December 2016 was $471,329
- The sale to list ratio in Barrie for December 2016 was 99.8%
- The number of days on the market in Barrie for December 2016 was 21 days
- There were 118 residential sales on the Barrie Board for the Barrie area in December 2016
Overall it was a record breaking year for Barrie Real Estate.
The average list price for the entire year was $432,584.
The average sale price for the entire year was $432,774.
The average list to sale ration was 100%.
The average days on market was 17.
In summary we believe that keeping track of Barrie Real Estate Statistics is a very important strategy to focus on. This data will help us give the right advice to all of our seller clients and buyer clients.
If you are thinking of selling your home and downsizing I believe that this is a great opportunity to lock in your gains. Remember that you can’t eat your house!
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